Another Word For Guarantor

Meaning

A "guarantor" is a person or entity that agrees to take on the responsibility of fulfilling a financial obligation if the primary borrower fails to do so. Essentially, the guarantor provides a safety net for a loan or lease, ensuring that the lender or landlord will receive their payments even if the borrower cannot make them.

Synonyms

• Surety
• Sponsor
• Endorser
• Co-signer

Antonyms

• Debtor
• Borrower
• Obligor

Etymology

The word "guarantor" comes from the French word "garant," which means "to guarantee" or "to protect." The root can be traced back to the Latin word "guarantire," which means "to protect" or "to assure."

Examples

1. When applying for a loan, Jane needed a guarantor to secure better interest rates.
2. The landlord required a guarantor for the apartment lease to ensure the rent would be paid on time.
3. As a guarantor, Tom accepted the responsibility of covering the payment if his friend defaulted on the loan.
4. The bank will not approve your mortgage without a qualified guarantor.
5. Sarah acted as a guarantor for her brother's business loan, hoping he would succeed in his venture.